Cyclohexanone Market Growth Drivers, Component Analysis and Growth Cyclohexanone Market

Cyclohexanone Market anticipated to witness healthy CAGR over 2019-2025: Global Market Insights, Inc. According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, Cyclohexanone Market size should see a significant growth during the forecast timeframe owing to its wide usage in printing inks, paints and lacquers, adhesives, cleaning agents and as a precursor to nylon. Growth in textile industry owing to wide usage nylon may drive the overall market growth. Cyclohexanone is a colorless organic compound slightly soluble in water, having a pleasant odor similar to acetone. It is a 6 carbon cyclic molecule with ketone group. It is lighter than water and its fumes are heavier than air. It is formed by oxidizing cyclohexane in presence of cobalt as catalyst, which results in a mixture known as ketone alcohol oil or KA oil. Cyclohexanone is widely used as an organic solvent, it is capable of dissolving nitrocellulose, cellulose ethers, PVC, poly(methyl methacrylate), polyvinyl acetate, polystyrene, phenol resin, coumarone resin, modified phenol resin, and various natural resins. It is widely used for solvent, coating owing to its superior properties which includes mutual solubility, low volatility, good dissolvability and low toxicity. Global ink and coating industry may surpass at over USD 45 billion by the year 2023 cyclohexanone is used in printing ink as a solvent which may drive the cyclohexanone market growth. Increasing demand for nylon in textile, personal safety equipment and electronic industry owing to its excellent heat resistance and low conductivity are the main factors which may drive the cyclohexanone market. Global nylon market size is expected to account at over USD 40 Billion by the year 2025. The product is used as a precursor to nylon, it is used to produce caprolactam a monomer of nylon 6 and adipic acid a major constituent of nylon 66 thereby boosting the product demand. Rising demand for pesticide owing to increasing usage in agricultural industry demand may drive the overall cyclohexanone market size. Global pesticide industry is likely to be valued at over USD 90 billion by 2023. Cyclohexanone is utilized in agricultural industry as a solvent to dissolve pesticides and herbicides such as organophosphorus pesticides and DDT. It is also used in pharmaceutical industry as a derivative to produce several drugs thereby driving the overall market growth. Cyclohexanone is slightly hazardous to humans. Its inhalation, oral consumption and dermal exposure might possess health hazards owing to its acute toxicity and flammable nature. However, the health hazards associated with the product are low, 1 | Page